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The waiver granted more flexibility for how retailers can use spectrum purchased from LightSquared, a critical element of the company’s business plan. The GPS community said it fundamentally changed the nature of the network LightSquared planned to build, introducing GPS interference problems.

But LightSquared denies that, arguing that its network plans remained the same before and after the waiver.

The February stock sales comprise “three times the highest amount of stock board members and top managers had unloaded in any one month going back to 2007,” Jeff Carlisle, head of regulatory affairs for the broadband company, said in a release. “This demonstrates that Trimble insiders clearly viewed LightSquared as a financial threat to its commercial business.”

“And that explains Trimble's motivation in leading the public relations and lobbying campaign against LightSquared,” he added.

A spokesman for Trimble did not provide a comment in time for publication.

This article first appeared on POLITICO Pro at 4:42 p.m. on October 27, 2011.